Chinese garlic floods market pushing prices down

Published on Sep 23rd, 2020
Chinese garlic floods market pushing prices down

 

Chinese garlic prices have fallen as produce arrives on the market at the same time from warehouses and other sources. 51garlic.com reports that the price of garlic from warehouses was hit hardest and dropped significantly. Large garlic sellers gave in and slightly lowered their asking price. Visiting traders who purchase garlic from warehouses mainly work for online shops and the factories that produce processed garlic for the export market. As a result the garlic market is not very active. Buyers are hesitant and the trade volume is small.

In Jinxiang, market conditions are not ideal for garlic from sources other than warehouses. That is why the trade in garlic from warehouses picked up. The market paid less attention to garlic from sources other than warehouses. The supply volume of garlic seeds and garlic shoots is growing. Visiting traders are buying, but traders with stock in storage are not eager to sell at low prices. Supply speed is moderate and the price of garlic from sources other than warehouses is mostly stable.

The trade in garlic from warehouses in Jinxiang has recently expanded. Large-scale traders who previously stocked their warehouses with low-priced garlic are willing to sell their garlic. They are selling in small volumes. And the reserves in warehouses are still abundant. Garlic processing factories are entering the market too, but competition puts pressure on the price. Most of the garlic is old garlic from warehouses and the price is relatively low.

 

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